Bullish:

• 🟢 $ETH - The panelists discuss mixed views on ETH at length and made predictions about potential Ethereum changes in the next 6 months (Tom: No major changes; Tarun: Either gas limit increase or faster block time, Robert: Possible gas limit increase; Haseeb: Both gas limit increase and decreased block times.)
  • “I think it's actually quite likely that Ethereum will both increase the gas limit and decrease the block time within 6 months.” - Haseeb (0:00)
  • “I think, like, there's something you have to admire about Ethereum though in one way, which is in a normal company, you would not like, you know, imagine if AWS, you know, when AWS started, right? Like there are all these companies that built on it. A lot of those companies that built on it built all these features that were like, we're a database built on top of AWS. And next week, they are like, here's Redshift on AWS. You don't need to use these companies that built on top of us. Where they like you know, the platform cannibalized the customer. And there's something admirable or different in some ways of, like, the opposite happening where the customer is sort of cannibalizing the platform, which is the customer here is the l twos. If you if you follow the if you believe in the kind of view that, like, hey. The value of Ethereum mainnet is to be DA, data availability for the roll ups or to be coordination cost for the roll ups. There's sort of this sense in which it did do the opposite of cloud computing. It's just that there is still a sense in which, Amazon that that that analogy again, these are all strained analogies, so I I know I'm gonna get pilloried on Twitter already just from making them. So I'm disclaiming. But, like, you know, Amazon's biggest issue wasn't actually necessarily competing with the users of Amazon. The biggest issue over time was that, like, they had to compete with Azure and for Microsoft and Google and whatever, and their market share went down. Right? And, like, I think that's sort of the argument for, like, why the L1 should improve because it needs to compete with the equivalent, you know, opposition, so to speak. Right? Like and I think I think the cloud computing wars are, like, kind of give you an idea of how to think about those, especially when you think of, like, the idea that decentralization and censorship resistance are features that people are differentiating themselves on on the spectrum, but UX is still potentially the most important feature. And somehow, like, you know, you're always kind of juggling those 3 in in kind of different proportions. And I think the Ethereum community has made certain decisions, and, you know, I hope that they continue to not be like Bitcoin where they're willing to eat their crow. Right? Like, the fact that the sharding road map went away despite it being, like, touted for years, I think, like, it's a sign that at least there's some maturity that people can eventually change. Now the question is, will they change fast enough? And that's that's, to Haseeb's point, not not obvious.” - Tarun (0:00)
  • “It's worth making the point that there's 2 things that tie most of these roll ups to Ethereum. Right? Which is one, they're posting onto Ethereum. They're they're they have the data availability and the bridging, but also they use ether as the native asset. And it seems increasingly like the second factor is actually more important than the first one. Right? It's sort of like they're they're they're using the US dollar as their currency, which expands the reach in the in the total GDP that in which the US dollar is circulating. That seems to be more significant than obviously the DA fees that they're paying now are basically going to 0 assuming that” - Tarun (0:00)
  • “What is Ethereum then? Is Ethereum DC or is Ethereum the United States and these are all external countries? I'd say it is more like Ethereum is the United States because Ethereum still has, you know, whatever whatever it is $60,000,000,000 of TVL. So has way more capital than any other chain has in terms of the dollar amount of economic activity on Ethereum, it is still bigger. Now that doesn't necessarily mean that there's more users. There's obviously fewer users but those users are very very wealthy. Right? The US has 4% of the world population. There's not a lot of Americans in the world. But the overwhelming just mass of of of, wealth in the US is so big that's concentrated in a relatively small number of people. That feels more appropriate to me. That's not DC. Right. DC is a decision making apparatus for the US. Right? It's like the brain essentially or the brain stem that connects up to this gigantic body. That's not Ethereum. Ethereum doesn't make decisions for the l twos, and it has no governance control. Right? If anything, OP is DC for for the ones that are a part of the super chain.” - Haseeb (0:00)
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Bearish:

• 🔻 $ETH - 🔒

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